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This statistic highlights Fastly’s Revenue Breakdown by Customer Type from Q3 2018 onwards, split across Enterprise customers and Non-enterprise customers, reported on a quarterly basis.
Fastly Inc. serves both established enterprises, mid-market companies, and technology-smart associations. Their customers represent a different set of associations across numerous diligence with one thing in common- they are contending by using the power of software to make isolation at the edge. Their guest software operations use their edge pall platform to deliver constantly excellent gests, similar to online shopping, fast and more secure fiscal deals, and broadcast-quality live streaming on any device. The range of operations that inventors make with their edge pall platform continues to expand fleetly.
|Customer Type||Q3 2020||Q2 2021||Q3 2021||Revenue Contribution in Q3 2021|
(All figures are in millions, except percentages)
Fastly’s major customer base majorly comprises of Enterprise customers with consistently more than 50% of the company’s profit coming from them. There has been an increase in enterprise customers from $62.16 million in Q3 2020 to $76.01 million in Q3 2021 marking a growth of 22.28% on a YOY basis. The revenue showed an increment in non-enterprise customers as well from $8.48 million in Q3 2020 to $10.65 million in Q2 2021 and then to $10.73 million in Q3 2021 which indicates a growth of 26.53% on a yearly basis from Q3 2020 to the latest quarter and an increase of $0.08 million on a quarterly basis from Q2 2021 to Q3 2021 both of which are factors highlighting a positive trend.
Fastly’s profit is entirely hooked into the company’s capability to feature new customers and retain customers on its platform. For that reason, this metric tends to follow trends in client growth, retention rates, and expansion rates.
About The Company
Fastly, Inc. provides real-time content delivery network services. It offers a foothold cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Tyler McMullen, Simon Wistow, Artur Bergman, and Gil Penchina in March 2011.
Fastly’s tech is meant to fight common causes of online outages, almost like distributed denial-of-service attacks which overwhelm an internet site with an unforeseen surge of business.
The intention of CDNs is to route (or distribute) internet business and services through ‘nodes’ to balance the cargo of business, help backups and affect in high vacuity and briskly happy delivery.
They help them surpass their end– druggies prospects by powering presto, secure, and scalable digital gests. They erected an important edge pall platform, designed from the ground, up to be programmable and support nimble software development.
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